Preferred Apartment Communities, Inc. (NYSE:APTS) will begin trading ex-dividend on September 14, 2020. The quarterly dividend payment of $ 0.175 per share is scheduled to be paid on October 15, 2020. The dividend yield based on the latest trading day closing price was 10.75 %. Owners of shares, purchased before the ex-dividend date will be eligible for the dividend.
Dividends History
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Preferred Apartment Communities, Inc. recently reported first quarter financial results on May 11, 2020, after market close, the Atlanta based company revealed income for the first quarter of $ 0.38 per share, from the revenue of $ 131.10 million. The quarterly revenues developed 17.38 percent compared with the same quarter last year. The consensus estimates are loss of $ 0.76 per share from $ 123.97 million in revenue. The bottom line results beat street analysts by $ 1.14 or 150.00 percent, at the same time, top line results outshined analysts by $ 7.13 million or 5.75 percent.
Stock Performance
Shares of Preferred Apartment Communities, Inc. traded low $ -0.09 or -1.36 percent on Thursday, reaching $ 6.51 with volume of 416.70 thousand shares. Preferred Apartment Communities, Inc. has traded high as $ 6.65 and has cracked $ 6.51 on the downward trend
According to the previous trading day, closing price of $ 6.51, representing a 25.24 % increase from the 52 week low of $ 5.27 and a 55.79 % decrease over the 52 week high of $ 14.93.
The company has a market capital of $ 323.04 million and is part of the Real Estate sector and REIT – Residential industry.
Preferred Apartment Communities, Inc. is a Maryland corporation formed primarily to own and operate multifamily properties and, to a lesser extent, own and operate student housing properties, grocery-anchored shopping centers and strategically located, well leased class A office buildings, all in select targeted markets throughout the United States. As part of our business strategy, we may enter into forward purchase contracts or purchase options for to-be-built multifamily communities and we may make real estate related loans, provide deposit arrangements, or provide performance assurances, as may be necessary or appropriate, in connection with the development of multifamily communities.
